Media coverage about DryShips (NASDAQ:DRYS) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. DryShips earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.7782059560368 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of NASDAQ:DRYS opened at $3.66 on Friday. DryShips has a one year low of $0.98 and a one year high of $573.30. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.19.

DryShips (NASDAQ:DRYS) last issued its quarterly earnings results on Tuesday, February 27th. The shipping company reported ($0.02) EPS for the quarter. The company had revenue of $42.59 million during the quarter. DryShips had a negative return on equity of 7.98% and a negative net margin of 29.86%.

DryShips declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the shipping company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Separately, BidaskClub upgraded shares of DryShips from a “strong sell” rating to a “sell” rating in a research note on Thursday.

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